We have purchased flat @ 135,00,000 with 3 buyers with share 70%, 22% and 8%. Buyer-1 has major portion and taken loan however need to pay TDS before that. He has made payment in 2 instalments - (a) 5L on 11-Dec-2024 and (b) 28L on 3rd Feb and remaining through Loan. While making TDS payment - Payment Type is Instalment and Lumpsum.

In this scenario I have following options -
1) Payment Type: Instalment / Lumpsum
If Instalment selected then

2) Whether it is last Installment - Yes / No [In this scenario Loan amount considered as last or the 28L considered as last payment]
(Note: If yes selected then only it allows to enter Stamp duty value)

3) Total amount paid/ credited in previous installments, if any (A) * [What amount be entered]

4) Amount paid/credited currently (B) * [What amount to be entered]


I have issued cheque on 31st Jan and cleared on 3rd Feb so I need to enter 3rd Feb only right? Remaining payment made after TDS deduction so TDS deduction date will be 31st Jan or 3rd Feb. While deduction loan amount payment is also considered...

Request you to help here..

Dear Sir ,

Kindly guide me the exact GST rate with for commercial vehicle given on monthly hiring for within the factory transport and outside the factory transport for both rules follows RCM and FCM with notification

We are registered as GTA service provider

Please help

Thanks and regards
Lingam

Whether we can generate e- way bill ? If Yes then how to generate e-way bill for goods already delivered??
(i.e my client has already delivered the goods by transport on 22/01/2025. but now they want to generate E-way bill please share the process )

How to download notice of any company issued regarding Bonus/ Split of share/ Merger or Demerger of shares/ Right issue or right Entitlemet.
Please reply

Hi.. i completed by GMCS by 2013. Ye to complete CA final
Is 15 days orientation compulsory for me?

Hello,
I am looking for judicial precedents concerning cases where a party has paid tax under the Reverse Charge Mechanism (RCM) on purchases, but the disclosure in GSTR-3B was inadvertently missed.

If anyone can provide links to these judgments or share the full text, it would be greatly appreciated.

Sir one of csc centre(individual) deals in money transfer and get cash payment from customers and transfer from his current account to others. And withdrawl money from aasdhar also. IRCTC ticket booking. Now his transaction in account exceed 22 lac in previous year and he earned Rs 328000
should he need to take gst? if yes than his liability becomes more than earning. For every Rs 1000
transfer charged Rs 10 as service charge
how to deal account for ITR and gst?
please suggest

Hi,

As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.

Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?

The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 indeed resolves the ambiguity by confirming that ITC is allowed on demo vehicles, provided they are used for further supply and capitalized in the books of accounts.

My Question is :-1)Can We claim ITC as above notification basic  Demo Car Insurance ?

2)also We can claim itc Repair and Maintenance demo Car  ?

Dear Experts. I have seen / heard conflicting comments on this issue. Hence bringing it up to the CA experts here. Appreciate if more experts share their views on the below

1. EPF: As per EPFO rules, a salaried employee can continue his EPF membership without any restrictions. However if no contribution is received in the account for 3 consecutive years, after 3 years no interest will be earned. Income Tax Act says EPF withdrawal upon retirement is tax free. Given this situation, in case of an employee who works with a company for more than 5 years, retires at age 60, does not withdraw the EPF accumulation until age 63, will the interest earned between age 60 and 63 be a tax free income or is it taxable?
2. NPS: Upon retirement at 60 years, a subscriber can withdraw 60% of the corpus as a lumpsum, which is tax free and has to take an annuity for the balance 40%. PFRDA has recently introduced a new withdrawal option “Systematic Lumpsum Withdrawal (SLW)”. Under SLW, a subscriber can make the withdrawals in a phased manner instead of a lumpsum. Withdrawals can be made monthly, quarterly, half yearly or annually upto age 75. If a retiree opts for SLW, are the returns earned during the deferment period tax free? Deferment period refers to time from age 60 upto period when SLW ends, max 75 years.